I haven’t done this very often on my site but for today’s post I’m going to look into my crystal ball and forecast a bunch of financial events I think will happen in 2013. At the end of this year, we’ll see how close I came to hitting the marks.
Ready?
- The S&P/TSX Composite Index will finish the year at 13,100.
- The Dow Jones will finish the year at 13,900.
- With renewed focus on Asia markets, RIM is the comeback business story of the year and makes the cover of Canadian Business Magazine at some point to prove it.
- Crude Oil will finish the year at around $98 per barrel.
- The Canadian Dollar will finish the year at $0.97 against the U.S. Dollar.
- Speaking of cents, nobody misses the Canadian penny.
- Canadian REITs, measured by iShares XRE performance, will deliver 10%+ return.
- The following U.S. companies will announce dividend hikes this year: Coca-Cola, Johnson & Johnson, Procter & Gamble and Emerson Electric.
- The following Canadian companies will announce dividend hikes this year: TD Bank, Bank of Nova Scotia, Enbridge and Telus. (I own all of them!)
- Canadian bonds, measured by iShares XBB performance, will deliver 5%+ return.
That’s good enough 🙂 Let’s see where I end up.
How about you? Any financial predictions you’d like to share?
I want to invest in TFSA, what is the best option.
There are lots of options Vinod. What is your focus? A short-term tax-free savings account. A long-term investment account?
good post but all this are prediction not real fact we cannot say confirmly what will be the situation mi like 5 and 6 point .
Too high or too low for the TSX?
Sorry I haven’t been around to comment in awhile Mark! Just finishing up that big project I was taking on!
I made some predictions of my own, and I think I’m a little more “bullish” than you are. You really think we’ll see Canadian bonds increase in value this year? How much longer can that trend continue?
No sweat, you’ve been busy! I thought about putting CDN bonds lower, but then I looked at this 🙂
http://ca.ishares.com/product_info/fund/performance/XBB.htm
I suspect 5% returns on medium to long bonds and about 5-6% returns on equities going forward.
I predict Gold and Silver will jump up again thanks to the fiscal fiasco in the U.S
You’re probably right.
Pretty precise predictions on the stock indices lol. I know many others like myself would really benefit if everything on that list were to come true :0) I predict our unemployment rate will fall below 7% by end of the year.
Very precise 🙂 I really have NO idea what will happen….